Banknifty Intraday Levels : 26-Dec-23Important key Zones marked on Chart . Wait for rejections in zone for better opportunities.
Trade!
EGLDUSDT Probabilities for a 60% UpswingEGLDUSDT persists in honoring the uptrend trendline, maintaining movement within a long-term ascending channel. Notably, the previous supply zone has transformed into a respected demand area, significantly bolstering the likelihood of sustained uptrend continuation.
This favorable price action significantly heightens the probability of a 60% price surge in the imminent days or weeks. The key resistance at the $75 area, validated by a double Fibonacci level, stands as a crucial indicator for potential price movements.
In summary, EGLD appears notably positive at this stage, with an evident uptrend, demand zone validation, and potential for significant growth.
XAUUSD 1h1H - On the hourly timeframe, the context has changed to short. I plan to consider short positions with targets at SSL, which is the first target of the corrective movement.
XAUUSD 4h 4H - Similar to the daily timeframe, it is in a strong long context. There are no reasons for a price reversal in the current conditions. I plan to consider positions for further movement after a local correction.
KEYUSDT aiming for the bottom before the RallyWe expect KEYUSDT to have a final drop down, before a major rally.
Most likely price will attempt to test the bottom of the range, after which buyers will get heavily active. As of now, buying remains too riskly.
NEARUSDT Potential: Predicting a 76% Rally🔅NEARUSDT recently broke above the wedge pattern, accompanied by breaching the long-term downtrend trendline. This move was followed by a significant transformation from supply to demand, evident in the market's response to these zones.
🔅The most recent pullback halted precisely at the 61.8% Fibonacci retracement level, highlighting substantial buying pressure at this critical level.
🔅The current indications heavily favor an uptrend continuation, setting the stage for an anticipated substantial 76% price increase in the coming weeks. As usual, we'll be sharing a comprehensive trade setup in our channel to capitalize on this potential opportunity.
PHBUSDT Bullish Signals and 86% Potential SurgeOver the past three months, PHBUSDT has established an uptrend, characterized by higher highs (HHs) and higher lows (HLs) pattern, indicative of a sustained bullish trend. Concurrently, the demand zone near the psychologically significant price of $0.6 has been effectively defended by buyers, solidifying its significance within the price action.
Yesterday, on a daily timeframe, the recent pullback halted precisely at the 38.2% Fibonacci support level, presenting extremely positive news for buyers. We have already shared trade setup in our dedicated channel and will update it when/if needed.
Overall, our analysis projects a potential rise towards the 427.2% Fibonacci retracement level, signifying a substantial 86% growth for PHBUSDT.
EURUSD 4hThe 4-hour timeframe is in a long context; I plan to work on the continuation of the movement with the target being the Previous Daily High (PDH)
EURUSD 1WWeekly timeframe, probably the most interesting of all, as we changed the context from short to long after consolidating above the fractal marked in red. Depending on the closing of the next week, we can make assumptions about the subsequent movement. The first target is the fractal maximum formed in the FVG.
EURUSD 1DHello everyone, as always, I welcome you to the Top-Down analysis on Euro. I would appreciate your feedback in the form of a repost, comment, and like.
Let's start with the daily timeframe. After breaking the short context on December 13, the price reached the mid-term target on Friday. Interestingly, we closed with a raid without consolidation. Next week, I expect a small corrective movement with a continuation above.
GBP/CAD Long and EUR/USD ShortGBP/CAD Long
• If price impulses up above our most recent high, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBPUSD continue to consider short positions for the pound, aiming for a continuation of the movement. The only entry point at the moment is working from the Asia high.
GBP/CAD Long and GBP/USD LongGBP/CAD Long
• If price impulses up above our most recent high, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/USD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up above our most recent low followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
Get Ready For A Pop Up There is a Re-Test In Progress For A Long Position…..Quick Trade And Take Profits Asap
XAUUSDgold in a strong long context. The obvious target for today is PDH. I am ready to consider long positions from the equal lows formed during the Asian session.
GBPUSDGood morning, the pound is in a short context. I expect the continuation of the short order flow today with targets at the minimum of the current week.
EURUSD
Hello everyone, in Frankfurt, we cleared yesterday's high. Below us, a strong compression has formed, and we are still in a short movement with the goal of reaching Friday's low.
GBP/CAD LongGBP/CAD Long
• If price impulses up above our rayline, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
XAUUSDFor gold, a strong short context is present, with the daily target being the low of the previous day. I plan to work through confirmation in the form of ORDER FLOW.
GBP/CAD Long, CAD/CHF Long, NZD/USD Long and AUD/USD LongGBP/CAD Long
• If price impulses up above our most recent high, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CAD/CHF Long
• If price corrects and a three touch tight flag forms, then I'll be looking to get long with a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up above our most recent low followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/USD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up above our most recent low followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
QQQ SWINGI like charts
This one caught my eye.
Very clear subwave structure for the 3rd wave of the possible /'yellow' 3rd ending at 2x which is also 23.6x of the lower degree 3rd confirming smaller degree 5th.
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XAUUSD 1h1H - The hourly timeframe shows a strong short context with the overlapping of formed imbalances and fractal maxima. Below, a new daily imbalance is formed, often completely covering the previous one. Due to this, the priority is to work on the continuation of the short context.
XAUUSD 4h4H - On Wednesday, after updating the local minimum, the price aggressively changed the context to a long one in the news. After that, Thursday and Wednesday passed in a correctional movement. The context is still long at the moment, and we are currently in an imbalance. Compression in the form of equal maxima often leads to aggressive reversals.
